Givoni Realty Corp.

If you are behind on your payments, or can't keep up with your payments, and owe more to the bank than the property is worth, I can still help you! Call me immediately and keep foreclosure off your credit!

When a homeowner owes more to the bank than a property is worth, we negotiate with the lender to sell the property for less than they are owed. When the lender agrees to do this and the transaction closes succesfully, this is called a Short Sale. The buyer receives a clear title. As the mortgage meltdown continues across the country, the demand for short sales continues to rise dramatically.

The benefit to the homeowner to do a short sale is to keep foreclosure off their credit. The benefit to the lender to do a short sale is to mitigate their losses. By doing a short sale, the lender will avoid the cost of the foreclosure process. In addition, by the time the foreclosure process is complete, the property will very likely have further declined in value due to a declining market or possibly due to deterioration of the property.